Press Releases 2002

May 7, 2002
Financial press conference: Bilfinger Berger maintains successful course

• Strategically repositioned
• considerably improved operating earnings
• Consolidated earnings on the up by one fifth
• Dividend increased

The Bilfinger Berger Group maintained its successful course in the 2001 financial year. "We repositioned ourselves strategically. Our operating earnings improved appreciably, and consolidated earnings rose by more than one-fifth. All business segments made a positive contribution to the Group's earnings. In the light of this, and in full anticipation of continuing success, we are proposing a dividend of 55 cents per unitary share to the Annual General Meeting", concluded Herbert Bodner, Chairman of the Executive Board, at the Bilfinger Berger annual press conference of financial statements on May 7, 2002 in Mannheim.

The Group's transformation into a multi-service group for building and infrastructure and its growing internationality are the two core strands of the direction in which our Company is heading. One important objective of Bilfinger Berger is to broaden the range of services upstream and downstream of its core construction activity. The Company aims to diversify its business through targeted acquisitions and intrinsic growth in the service sector.

The involvement in privately financed concession projects will be intensified. Clinching the status of preferred bidder for the Cross City Tunnel project in Sydney at the start of the year represents a notable success. Bilfinger Berger is turning its attention to further interesting BOT projects abroad and has, in addition, identified increasing scope for private-sector initiatives in Germany.

The Company aims to strengthen its international position. The focus is on consolidation in key markets with high growth potential where it already enjoys an established presence.

Bilfinger Berger systematically focuses all its entrepreneurial activities on attaining financial success. A return-on-capital-employed controlling system will help to ensure the deployment of resources with specific emphasis on the expansion of activities in high-yield sectors.

Despite the rather unsettled global economic trend, Bilfinger Berger expects overall output for the 2002 financial year to experience a modest rise to €4.8 billion. The proportion of output generated outside Germany will climb to above 60%. "We aim to boost our consolidated earnings yet again by achieving a further increase in operating earnings", announces Herbert Bodner.

Key figures for the Group: 2001

	2001 € million	2000 € million	Change %
Output	4.607	4.437	+ 4
Orders received	4.680	4.591	+ 2
Order backlog	4.272	4.200	+ 2
Capital expenditure	111	80	+ 39
Net profit	52	43	+ 21
Workforce No. at December 31	43.471	40.653	+ 7

Further information can be found in the annual report 2001, available on our web-site www.bilfinger.com

Key figures for the Group: March 31, 2002

	3/2002 € million	3/2001 € million	Change %
Output	951	987	- 4
Orders received	1.469	1.211	+ 21
Order backlog	4.790	4.424	+ 8
Workforce No. at March 31	45.015	42.533	+ 6

The interim report Q1, 2002 will be available on May 28, 2002.